Why Bottom Pickers Get Dirty Fingers — Don’t Make This Mistake!

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Why Bottom Pickers Get Dirty Fingers — Don’t Make This Mistake! I’ve been seeing something amatuer traders have been doing a lot as of late… And to be blunt, it’s dumb. They’re trying to pick bottoms, which is the absolute worst thing you can do in the chaos we’re experiencing right now. Bottom picking, or countertrend trading, can have the same bloody results as catching a falling knife — unless you have decades of experience under your belt. Bottom pickers try to make money from trading against the current trend of the markets, like buying the stocks investors are all selling. It is a form of swing trading where traders think they can pinpoint where the next reversal will be, thus beating the market. However, in the real world, these assumptions almost never go right.  Remember: ​​​​Bottom pickers get dirty fingers. But it’s not just bottoms… These naive traders are also shooting for the tops, too. They’re always looking for the lowest price of a stock to get in while being desperate to get out at the highest price. I can’t tell you how many times I’ve seen traders go off course from their trading strategy by putting on tighter-than-usual stops and not letting their profits run, and vice versa. There’s nothing that’s more an indication that you’re an amateur in the markets than trying to get the low and high of the day.  If you made a good profit, then get the hell out.   And Start Doing These Things As Well Jeff Z Jeff Zananiri spent over two decades on Wall Street learning how the best made consistent money in the market.  On May 4… All Hell Breaks Loose… or Markets Soar? The Federal Reserve is expected to make a major move on May 4…  If it raises rates 0.75%… will all hell break loose?  If it only raises 0.25%… will markets soar?  No matter what happens, the markets are going to MOVE... And traders MUST be prepared to take advantage!  Here's How I am Preparing for the Massive Moves Ahead Is it Time to Buy the Beaten-Down Meta (FB)? April 29, 2022 Is Meta Platforms’ — formerly known as Facebook — better-than-expected, first-quarter earnings report all it's cracked up to be? I have a hunch that it’s not…    Continue Reading Don’t Fall for the ‘Defensive’ BS. There’s No Defense in a Bear Market April 25, 2022 Every trader I know is getting their butts handed to them right now.   Continue Reading Joy of the Trade A WealthPress Publication   ABOUT US:  We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. WealthPress provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Wealthpress LLC are for your informational purposes only. Neither Wealthpress nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Wealthpress is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions.  Please visit wealthpress.com/terms for our full Terms and Conditions. Manage Your Email Preferences Unsubscribe This email was sent by: WealthPress 1749 NE Miami Ct #507 Miami, FL, 33132, US Joy of the Trade Update Profile

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